Q3 2016 EPS Estimates for T-Mobile US Inc. Decreased by Analyst (TMUS)
T-Mobile US Inc. (NASDAQ:TMUS) – Equities research analysts at Jefferies Group dropped their Q3 2016 earnings per share (EPS) estimates for shares of T-Mobile US in a research report issued on Friday. Jefferies Group analyst M. Mccormack now expects that the firm will earn $0.22 per share for the quarter, down from their prior estimate of $0.23. Jefferies Group currently has a “Buy” rating and a $55.00 target price on the stock.
T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.05. The business earned $9.20 billion during the quarter, compared to analyst estimates of $9.03 billion. T-Mobile US had a net margin of 3.36% and a return on equity of 6.77%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.42 earnings per share.
A number of other research analysts also recently commented on the stock. HSBC reissued a “hold” rating on shares of T-Mobile US in a research report on Wednesday, September 28th. Vetr downgraded shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $48.53 target price for the company. in a report on Monday, September 19th. Robert W. Baird reaffirmed a “neutral” rating on shares of T-Mobile US in a report on Wednesday, September 14th. Wells Fargo & Co. raised shares of T-Mobile US from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $49.00 to $54.00 in a report on Monday, August 29th. They noted that the move was a valuation call. Finally, Buckingham Research lifted their target price on shares of T-Mobile US from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, August 25th. Nine equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $49.12.
T-Mobile US (NASDAQ:TMUS) opened at 46.88 on Monday. The firm has a market cap of $38.57 billion, a price-to-earnings ratio of 36.06 and a beta of 0.51. The stock’s 50 day moving average is $46.42 and its 200-day moving average is $43.10. T-Mobile US has a 12 month low of $33.23 and a 12 month high of $48.11.
In related news, insider Thomas Christopher Keys sold 14,700 shares of the company’s stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $47.11, for a total transaction of $692,517.00. Following the completion of the transaction, the insider now directly owns 355,876 shares in the company, valued at approximately $16,765,318.36. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO J Braxton Carter II sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $47.95, for a total transaction of $2,397,500.00. Following the transaction, the chief financial officer now owns 239,971 shares of the company’s stock, valued at $11,506,609.45. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. FMR LLC boosted its position in T-Mobile US by 15.6% in the second quarter. FMR LLC now owns 16,526,004 shares of the company’s stock worth $715,081,000 after buying an additional 2,228,832 shares in the last quarter. JPMorgan Chase & Co. boosted its position in T-Mobile US by 15.6% in the second quarter. JPMorgan Chase & Co. now owns 15,715,621 shares of the company’s stock worth $658,957,000 after buying an additional 2,124,210 shares in the last quarter. Vanguard Group Inc. boosted its position in T-Mobile US by 6.2% in the second quarter. Vanguard Group Inc. now owns 14,065,439 shares of the company’s stock worth $608,612,000 after buying an additional 817,632 shares in the last quarter. Marshall Wace LLP boosted its position in T-Mobile US by 38.8% in the second quarter. Marshall Wace LLP now owns 7,752,979 shares of the company’s stock worth $335,472,000 after buying an additional 2,167,045 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in T-Mobile US by 2.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 6,865,391 shares of the company’s stock worth $262,944,000 after buying an additional 160,125 shares in the last quarter. Institutional investors and hedge funds own 34.17% of the company’s stock.
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